About HelloRented

HelloRented is an insurance program that helps renters get approved. Better
than a cosigner or extra security deposits, qualified tenants pay a fee that
simultaneously insures the property for all future rent payments. And what
better guarantee than one issued by a successful company backed up by an A
rated national insurer. Renters benefit by getting the apartment that they
want, while also building up their credit files. With no awkward calls for
help to family and friends. Brokers benefit by earning more commissions. With
the HelloRented instant tenant pre-approval, brokers can spend their time and
efforts on successful rental applications.

How it works in 3 easy steps:
1. Tenant completes online application and receives a HelloRented bond approval certificate within 24 hours which can be shown to landlords
2. Once Tenant has found an apartment and negotiated terms, Tenant receives the lease rental bond within 12 hours
3. Tenant signs lease and moves in!

How much does HelloRented cost?

Once the lease has been finalized, the HelloRented fee is 8% to 10% of your total
lease value (the equivalent of 1 month's rent), depending on your financial profile.
The HelloRented fee may be paid in full upfront or with an installment plan. With the
installment plan, 33% of the HelloRented fee is due upfront with the remaining amount
paid over 3 monthly installments, with interest. HelloRented costs nothing for property
managers, real estate brokers and landlords.

When do I pay the HelloRented fee?

The HelloRented fee is paid only after you have finalized your lease agreement.
Once you have connected your bank to our platform and accepted the repayment schedule,
HelloRented will notify you and your lease will be immediately approved and ready for you to sign.

How fast is my HelloRented application approved?

Pre-approval is almost instantaneous. We will notify you or your broker as soon as you have completed
your application on our system. Once your application is submitted, give us up to 24 hours to complete
the approval process.

What if I have a past eviction or bankruptcy?

HelloRented factors in a number of criteria when making application decisions. Past rental and
credit history is a strong indicator of future behavior but certainly not the only important event.
We do our best to evaluate your application in its entirety when making a final decision. The most
important thing you can do is to be upfront and comprehensive when you apply.

Does HelloRented cover my late or missed rent payments?

No. HelloRented is not insurance for the renter. If you are late or miss rent payments,
your landlord will proceed with eviction proceedings as usual. In fact, in order for landlords to make a
claim against HelloRented for lost rent payments, they will need to provide proof of eviction proceedings.
So make sure to pay your rent every month, on-time!

Is HelloRented a cosigner?

HelloRented is an insurance program where qualified renters
pay a one-time fee for approval that simultaneously insures the landlord against lost rent in the event of renter default,
replacing the need for a cosigner, guarantor, or collection of extra security deposits.
Tenants get approved without having to pester friends and family to cosign, while landlords get their rent payments secured.

Do I pay my rent to HelloRented or the property manager?

Rent is always paid to your landlord, as normal. HelloRented is only part of the lease approval process. Once HelloRented gets
you approved, we step away, and you interact with your new landlord as usual.
Of course, we'll still be here if have any questions for us.

Can I apply with a roommate?

Yes. HelloRented will allow roommates to apply. You will each need to fill out a separate HelloRented application and note that
you are applying with a roommate on the application.

How long does HelloRented stay active?

HelloRented is purchased by tenants for a specific apartment, over a specific lease period - typically 12 months. Your landlord
may require that you have a HelloRented guarantee for all of the time that you occupy their apartment. You may need to purchase
and additional bond policy. Please discuss specifics with your landlord.